Why was New World silver so important for Spanish trade with Asia?
a) Chinese merchants had little interest in European goods, but would willingly trade their products for silver.
b) The Chinese wanted Spanish silver because it was of higher quality than silver offered by other European nations.
Consider This: Why were the Manila Galleons built so large? See 4.1: The New World Economy.
c) The Chinese would trade for any item, but the Spanish knew that silver was more valuable and took up less space than bulky European goods on its Manila Galleons.
Consider This: Why were the Manila Galleons built so large? See 4.1: The New World Economy.
d) The Chinese were not interested in silver, but in the Philippines, where the Spanish base was located, only silver was accepted as rent.
Consider This: Why were the Manila Galleons built so large? See 4.1: The New World Economy.
a) Chinese merchants had little interest in European goods, but would willingly trade their products for silver.
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